🧵 1. Investors face Europe's first AAA loss in CMBS since financial crisis, signaling potential systemic issues. #finance
🧵 1. Investors face Europe's first AAA loss in CMBS since financial crisis, signaling potential systemic issues. #finance
🧵 2. AAA tranche debt backed by commercial real estate suffers losses as buyers receive less than initial investment in Manhattan property deal.
🧵 3. Impairment of AAA tranches in structured finance not seen outside crisis, raising concerns about market resilience and risk assessment.
🧵 4. Bank of America reports potential AAA tranche losses in UK shopping mall-backed loan, sparking comparisons to global financial crisis impact on investors.
🧵 5. Investors experience losses in top-tier debt securities amid record-high market levels, prompting scrutiny of financial system vulnerabilities and risk management.
🧵 Read more at: https://www.zerohedge.com/markets/first-time-financial-crisis-cmbs-investors-face-europes-first-aaa-loss